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Question 14 Chapter 1 of +2-B - T.S. Grewal 12 Class

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Question 14 Chapter 1 of +2-B

14.Under which heads following items are classified or shown on the Assets
part of the Balance Sheet of a company:
(i)Loose Tools; (ii)Bills Receivable;(iii)Sundry Debtors; (iv)Advance
Recoverable in cash?

The solution of Question 14 Chapter 1 of +2-B: -

Items Advertisement	Heads	Sub. Heads
(i) Loose Tools	Current Assets	Inventories
(ii) Bills Receivable	Current Assets	Trade Receivable
(iii) Sundry Debtors	Current Assets	Trade Receivable
(iv) Advance Recoverable in cash?	Current Assets	Short-term Loans and Advances